Chief Editor

The Central Bank of Nigeria introduced the Bank Verification Number (BVN) – a biometric identification system – in 2014 for the unique identification and verification of each bank account holder in Nigeria. The major purpose of BVN is to curb or reduce illegal banking transactions among Nigerian banks. Kuda Bank is Nigeria’s foremost online bank … Read more

An ATM card allows the user to withdraw money from both his/her bank’s ATM and other banks’ ATMs. This card also allows the users to carry out other financial transactions both on ATMs and online. It’s part of the account opening norm for conventional banks to issue an ATM card to its new customers – … Read more

Founded by Babs Ogunseyi and Musty Mustapha in 2016, Kuda Bank is Nigeria’s foremost online-only bank. It functions almost the same way as the regular banks in Nigeria do with the exception that the bank does not have any physical branch – all operations are fully online. Valued at $500 million, Kuda Bank has been … Read more

PayPal is the biggest and most extensively used online payment platform that works in many countries around the world. But for some years now, it has been difficult using PayPal in Nigeria and this has been a cause for concern for people who frequently make and receive payments online — even though there are alternatives. … Read more

Many people take loans of various amounts for different purposes. While some take their loan from loan apps and other lenders, others obtain their loans from banks. The major reason many people take loans from conventional banks is because of the low-interest rate. The conventional bank we have in focus here is Zenith Bank which … Read more

Western Union transfer provides financial services that enable people to send and receive money from more than 250 countries and Western Union locations across the world. With over half a billion agents worldwide, annual transfers worth over $80 billion, and an average of 31 safe, secure transactions every second, one can see why Western Union … Read more

Aside from the popular international money transfer agencies (like Western Union, MoneyGram etc.), not a lot of people who send and receive funds from international sources know about Ria money transfer. With over 30 years in the industry and with a presence in over 137 countries including Nigeria, Ria is one of the biggest money … Read more

Kuda Bank revolutionized and simplified banking services in Nigeria. The bank does this by giving verified users an account number and allowing them to carry out financial transactions all on their smartphone with the Kuda app. You can send and receive money, pay for utilities, and even take a loan through the mobile app. But … Read more

A USSD code is a short code that allows you (as a user or customer) to subscribe to or apply for a particular service offered by a service provider. This service is usually network-enabled and the service provider could be banks, telecommunication companies, or other entities. Kuda Bank is an online, digitized bank that offers … Read more

When in need of loans as a Nigerian, there are more than one means of getting it. From myriads of loan apps to money lenders to conventional banks, the choice of your loan giver is up to you. Kuda Bank is a virtual (or online-only) bank that offers banking services similar to that of conventional … Read more